NEW YORK ( TheStreet) -- Martin Marietta Materials (NYSE: MLM) is trading at unusually high volume Monday with 1.8 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $3.47 (+4.7%) at $76.84 as of 11:05 a.m. ET. Martin Marietta has a market cap of $3.3 billion and is part of the industrial goods sector and materials & construction industry. Shares are down 20.5% year to date as of the close of trading on Friday. Martin Marietta Materials, Inc., together with its subsidiaries, engages in the production and sale of aggregates for the construction industry primarily in the United States, Canada, the Bahamas, and the Caribbean Islands. The company has a P/E ratio of 40.6, equal to the average materials & construction industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Martin Marietta as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and premium valuation. You can view the full Martin Marietta Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.
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